Microsoft to Buy GitHub in $7.5B Deal
Microsoft pledges to keep GitHub a platform-agnostic service for developers.
Citizens Financial Buys Franklin American Mortgage
As the pace of mortgage lending slows, Citizens acquires a servicing portfolio that produces fee income.
Unemployment Falls To Lowest Levels Since Dot-Com Boom
The economy added 223,000 jobs in May. About 120,000 are needed to keep up with growth in the working-age population.
Goldman Exec Charged With Insider Trading
A Goldman Sachs vice president of investment banking repeatedly used his access to confidential client information to place illegal trades, alleges the SEC.
IBM Watson Health to Slash Workforce: Report
With cuts at four of its divisions, Big Blue's high-tech health-care subsidiary aims to shrink its workforce, according to a New Jersey newspaper.
The Fed Proposes Significant Volcker Rewrite
Proposed changes would ease the rule's strict limits on proprietary trading by banks.
Principal Financial to Buy Fintech Company
Acquiring RobustWealth will provide Principal with automated rebalancing and other services, as well as almost $1 billion in new assets under management.
HP Names New CFO, as LesJak Moves Into Interim COO Role
HP CEO Don Weisler said Steve Fieler, the company's new CFO, has been "in our succession planning for a very long time."
U.S. GDP Revised Down to 2.2%
A weaker inventory buildup than first estimated could bode well for second-quarter gross domestic product numbers.
Salesforce Beats Earnings Estimates
CEO Marc Benioff said the cloud platform company would reach its annual sales goal of $20 billion “faster than imagined.”
Pret A Manger Sold to German Investment Fund
The buyer of the sandwich shop chain, JAB Holdings, also owns stakes in Krispy Kreme, Peet's, Au Bon Pain, and Panera Bread.